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Nordstrom CLI - almost to 10K!

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anik28
Frequent Contributor

Re: Nordstrom CLI - almost to 10K!

@dcp0524 it's indeed the last negative item. I'll be happy with even just having a clean report after so many years of baddies. The past 3-4 years I've really fixed a lot of mistakes that I hope to never make again.

 

thanks for the insight!

Message 11 of 18
anik28
Frequent Contributor

Re: Nordstrom CLI - almost to 10K!

Update: the collection fell off both EX and TU today, EQ has yet to update. Slightly disappointed there wasn't move movement upward in my scores, the only thing now I can do is be patient and let my current accounts age, while getting my overall UTL down as low as possible. Definitely a bit disappointed that a clean report still has these low scores 
E5F93124-A9D1-4512-832B-5A07D38C8632.png

 

Message 12 of 18
RehabbingANDBlabbing
Established Contributor

Re: Nordstrom CLI - almost to 10K!


@anik28 wrote:

Update: the collection fell off both EX and TU today, EQ has yet to update. Slightly disappointed there wasn't move movement upward in my scores, the only thing now I can do is be patient and let my current accounts age, while getting my overall UTL down as low as possible. Definitely a bit disappointed that a clean report still has these low scores 
E5F93124-A9D1-4512-832B-5A07D38C8632.png

 


What does it say are the factors holding you down? If you have clean file and some seasoned accounts, you should be higher than that. I have several charge offs on my Experian report, and my FICO 8 is still 683.

Message 13 of 18
CreditMagic7
Mega Contributor

Re: Nordstrom CLI - almost to 10K!

Congratulations on the Nordstrom CLI!

Message 14 of 18
anik28
Frequent Contributor

Re: Nordstrom CLI - almost to 10K!

Update: I called and asked for 10k, they put me on hold and came back with an approval. Officially hit the 10K mark, now I feel pretty confident about being able to apply for the Visa - I don't think I need to get any higher on the retail LOL

Message 15 of 18
anik28
Frequent Contributor

Re: Nordstrom CLI - almost to 10K!

@RehabbingANDBlabbing reasons are:

 

- too many new accounts 

- balances are too high in comparison to CL (all of them combined are about 30% UTL, working on getting this down)

- too many recent inquiries (again these just have to age off)

 

I have 1 30 day late, and 1 60 day late that are 4+ years old before my rebuild, maybe that's holding my scores down. Those will fall off in 7 years? Right now I'm not worrying about my scores or new credit too much - goals are low debt and no new accounts until I'm in a better credit range (680-700)

 

as of today my Fico 8 scores are:

EQ: 649 TU: 646 EX: 642

Message 16 of 18
FinStar
Moderator Emeritus

Re: Nordstrom CLI - almost to 10K!


@anik28 wrote:

@RehabbingANDBlabbing reasons are:

 

- too many new accounts 

- balances are too high in comparison to CL (all of them combined are about 30% UTL, working on getting this down)

- too many recent inquiries (again these just have to age off)

 

I have 1 30 day late, and 1 60 day late that are 4+ years old before my rebuild, maybe that's holding my scores down. Those will fall off in 7 years? Right now I'm not worrying about my scores or new credit too much - goals are low debt and no new accounts until I'm in a better credit range (680-700)

 

as of today my Fico 8 scores are:

EQ: 649 TU: 646 EX: 642


Congrats on the CLI to $10K.

 

One thing that you mentioned upthread is regarding a 'clean report'. Unfortunately, based on what you just recently shared above, your credit profile has not achieved a 'clean' scorecard yet. The lates, in addition to the other factors you mentioned, are what is holding scores down. And, yes, the negative marks remain on CRs for 7 years.

 

So as not to derail your CLI thread, you can start a separate thread to track your rebuild progress in the Rebuilding Your Credit subforum, unless you have an active thread there already.

Message 17 of 18
anik28
Frequent Contributor

Re: Nordstrom CLI - almost to 10K!

@FinStar - thanks, clean report refers to not having any collection accounts. Unfortunately 2 late payments from 4+ years ago, there's not much I can do about that but wait until they stop reporting.

 

 

Message 18 of 18
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